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The advertising company is home to well- known agencies like DraftFCB and McCann-Erickson.
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Spencer finds in known agencies and known processes adequate causes of its phenomena.
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Shares of the advertising company, home to well- known agencies like DraftFCB and McCann-Erickson, rose 4 percent.
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The point of the solution is not the invention of an imaginary agency, but an assignment of comparative magnitude to two known agencies.
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Interpublic, parent to well- known agencies like McCann-Erickson, said it will buy back $300 million in shares through its new share repurchase program.
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Investors also cheered a new quarterly dividend and a $300 million share repurchase program announced by Interpublic, parent to well- known agencies like McCann-Erickson.
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Its funds were skimmed from the discretionary budgets of the better- known agencies, allowing Bravo to operate off the official ledgers, invisible to committees and commissions.
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The advertising giant, and parent of well- known agencies like DraftFCB and McCann-Erickson, reported that first-quarter revenue fell 10.8 percent to $1.33 billion.